Martin Lewis shares ‘one deal’ energy customers must switch to after price cap rise

Martin Lewis shares 'one deal' energy customers can switch to after price cap riseSource: Good Morning Britain, ITV

Transcript

00:00 check this morning. There is one deal that I would suggest people switch to. That is

00:05 for existing customers of E.ON Next. It has a tariff which locks in at 3% under the price

00:12 cap for the next year. So you'll pay less than the price cap. If you're an E.ON Next

00:16 customer, I would suggest that you switch to that because that is a good deal compared

00:21 to what you are paying. Of course, you could, non-E.ON Next customers could switch to E.ON

00:25 Next's standard rate and then switch again to this rate, assuming it's still there by

00:29 the time you move. As for cheap fixes on the market, there are no cheap fixes available

00:35 that I would consider that do not involve you having to switch all your other utilities

00:39 as well right now. The cheapest fix out there available across the market is 4% more than

00:47 the current price cap. And on my numbers based on the current predictions, you wouldn't want

00:51 to be locking in on more than 1% above the current price cap. So for me, it doesn't seem

00:58 worthwhile at the moment. There are some tariffs out there, but we're nothing like

01:02 it used to be.